Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to €347, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Machinery industry in Germany. Total loss to shareholders of 25% over the past three years. Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Kyoichi Miyazaki was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 09
SMC Corporation to Report Fiscal Year 2026 Results on May 14, 2026 SMC Corporation announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 14, 2026 Annonce • Feb 13
Smc Corporation Provides Consolidated Earnings Guidance Fiscal Year Ending March 31, 2026 SMC Corporation provided consolidated earnings guidance fiscal year ending March 31, 2026. For the year, the company expects Net Sales of JPY 816,000 million, Operating Profit of JPY 183,000 million, Profit attributable to owners of parent of JPY 153,000 million and basic earnings per share of JPY 2,406.70. Annonce • Jun 06
SMC Corporation to Report Q1, 2026 Results on Aug 08, 2025 SMC Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Annonce • May 15
SMC Corporation (TSE:6273) announces an Equity Buyback for 750,000 shares, representing 1.18% for ¥30,000 million. SMC Corporation (TSE:6273) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 common shares, representing 1.18% of its issued share capital, for ¥30,000 million. The purpose of the program is to enhance returns to shareholders, and improve capital efficiency. The share repurchase program will run until March 24, 2026. As of April 30, 2025, the company had 63,745,025 shares outstanding (excluding treasury shares) and 3,624,334 shares in treasury. Annonce • May 14
SMC Corporation, Annual General Meeting, Jun 27, 2025 SMC Corporation, Annual General Meeting, Jun 27, 2025. Annonce • Mar 15
SMC Corporation to Report Fiscal Year 2025 Results on May 14, 2025 SMC Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Annonce • Dec 20
SMC Corporation to Report Q3, 2025 Results on Feb 14, 2025 SMC Corporation announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 17
Second quarter 2025 earnings released: EPS: JP¥460 (vs JP¥660 in 2Q 2024) Second quarter 2025 results: EPS: JP¥460 (down from JP¥660 in 2Q 2024). Revenue: JP¥192.3b (down 1.2% from 2Q 2024). Net income: JP¥29.5b (down 31% from 2Q 2024). Profit margin: 15% (down from 22% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Oct 29
Now 20% overvalued Over the last 90 days, the stock has fallen 15% to €390. The fair value is estimated to be €325, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period. Buy Or Sell Opportunity • Sep 26
Now 20% overvalued Over the last 90 days, the stock has fallen 8.2% to €402. The fair value is estimated to be €335, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 3.2%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥500 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.6%). Annonce • Sep 06
SMC Corporation to Report Q2, 2025 Results on Nov 14, 2024 SMC Corporation announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥759 (vs JP¥808 in 1Q 2024) First quarter 2025 results: EPS: JP¥759 (down from JP¥808 in 1Q 2024). Revenue: JP¥202.8b (up 1.9% from 1Q 2024). Net income: JP¥48.7b (down 6.6% from 1Q 2024). Profit margin: 24% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥500 announced Shareholders will receive a dividend of JP¥500. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 106%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 14
SMC Corporation to Report Q1, 2025 Results on Aug 09, 2024 SMC Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥2,767 (vs JP¥3,445 in FY 2023) Full year 2024 results: EPS: JP¥2,767 (down from JP¥3,445 in FY 2023). Revenue: JP¥776.9b (down 5.8% from FY 2023). Net income: JP¥178.3b (down 21% from FY 2023). Profit margin: 23% (down from 27% in FY 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • May 16
SMC Corporation, Annual General Meeting, Jun 27, 2024 SMC Corporation, Annual General Meeting, Jun 27, 2024. Annonce • May 15
Smc Corporation Expects to Pay Dividend At the End of Year Ending March 31, 2025 SMC Corporation expected to pay a dividend of ¥500.00 at the end of fiscal Year ending March 31, 2025 against ¥500.00 paid a year ago. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥450 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%). Annonce • Mar 15
SMC Corporation to Report Fiscal Year 2024 Results on May 14, 2024 SMC Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: JP¥660 (vs JP¥623 in 3Q 2023) Third quarter 2024 results: EPS: JP¥660 (up from JP¥623 in 3Q 2023). Revenue: JP¥189.1b (down 8.2% from 3Q 2023). Net income: JP¥42.6b (up 4.6% from 3Q 2023). Profit margin: 23% (up from 20% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €530, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 11x in the Machinery industry in Germany. Total returns to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €362 per share. Annonce • Dec 22
SMC Corporation to Report Q3, 2024 Results on Feb 13, 2024 SMC Corporation announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: JP¥660 (vs JP¥882 in 2Q 2023) Second quarter 2024 results: EPS: JP¥660 (down from JP¥882 in 2Q 2023). Revenue: JP¥194.6b (down 7.4% from 2Q 2023). Net income: JP¥42.6b (down 26% from 2Q 2023). Profit margin: 22% (down from 27% in 2Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Nov 17
SMC Corporation (TSE:6273) announces an Equity Buyback for 450,000 shares, representing 0.7% for ¥35,000 million. SMC Corporation (TSE:6273) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 0.7% of its share capital, for ¥35,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The share repurchase program will run until March 22, 2024. As of November 14, 2023, the company had 64,503,109 shares outstanding (excluding treasury shares) and 2,866,250 shares in treasury. Annonce • Sep 27
SMC Corporation to Report Q2, 2024 Results on Nov 14, 2023 SMC Corporation announced that they will report Q2, 2024 results on Nov 14, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥450 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥808 (vs JP¥1,154 in 1Q 2023) First quarter 2024 results: EPS: JP¥808 (down from JP¥1,154 in 1Q 2023). Revenue: JP¥199.0b (down 5.9% from 1Q 2023). Net income: JP¥52.1b (down 31% from 1Q 2023). Profit margin: 26% (down from 36% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Jun 26
SMC Corporation to Report Q1, 2024 Results on Aug 09, 2023 SMC Corporation announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥3,445 (vs JP¥2,924 in FY 2022) Full year 2023 results: EPS: JP¥3,445 (up from JP¥2,924 in FY 2022). Revenue: JP¥824.8b (up 13% from FY 2022). Net income: JP¥224.6b (up 16% from FY 2022). Profit margin: 27% (in line with FY 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • May 17
SMC Corporation, Annual General Meeting, Jun 29, 2023 SMC Corporation, Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥450 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥623 (vs JP¥738 in 3Q 2022) Third quarter 2023 results: EPS: JP¥623 (down from JP¥738 in 3Q 2022). Revenue: JP¥205.9b (up 12% from 3Q 2022). Net income: JP¥40.7b (down 17% from 3Q 2022). Profit margin: 20% (down from 27% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annonce • Dec 07
SMC Corporation to Report Q3, 2023 Results on Feb 14, 2023 SMC Corporation announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥882 (vs JP¥671 in 2Q 2022) Second quarter 2023 results: EPS: JP¥882 (up from JP¥671 in 2Q 2022). Revenue: JP¥210.2b (up 20% from 2Q 2022). Net income: JP¥57.7b (up 30% from 2Q 2022). Profit margin: 27% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Toshiharu Kagawa was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Sep 29
SMC Corporation to Report Q2, 2023 Results on Nov 14, 2022 SMC Corporation announced that they will report Q2, 2023 results on Nov 14, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥450 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥1,154 (vs JP¥696 in 1Q 2022) First quarter 2023 results: EPS: JP¥1,154 (up from JP¥696 in 1Q 2022). Revenue: JP¥211.4b (up 16% from 1Q 2022). Net income: JP¥75.4b (up 64% from 1Q 2022). Profit margin: 36% (up from 25% in 1Q 2022). Over the next year, revenue is forecast to grow 8.9%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €507, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings is also forecast to grow by 3.6% per annum over the same time period. Annonce • Jun 12
SMC Corporation to Report Q1, 2023 Results on Aug 10, 2022 SMC Corporation announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥2,924 (vs JP¥1,832 in FY 2021) Full year 2022 results: EPS: JP¥2,924 (up from JP¥1,832 in FY 2021). Revenue: JP¥727.4b (up 32% from FY 2021). Net income: JP¥193.0b (up 59% from FY 2021). Profit margin: 27% (up from 22% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.4%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Toshiharu Kagawa was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 08
SMC Corporation to Report Fiscal Year 2022 Results on May 13, 2022 SMC Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥400 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (1.9%). Reported Earnings • Feb 16
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥738 (up from JP¥469 in 3Q 2021). Revenue: JP¥183.7b (up 31% from 3Q 2021). Net income: JP¥48.8b (up 56% from 3Q 2021). Profit margin: 27% (up from 22% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.0%. Over the next year, revenue is forecast to grow 7.6%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 14
Second quarter 2022 earnings released: EPS JP¥671 (vs JP¥347 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥175.9b (up 42% from 2Q 2021). Net income: JP¥44.3b (up 92% from 2Q 2021). Profit margin: 25% (up from 19% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥300 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.0%). Reported Earnings • Aug 14
First quarter 2022 earnings released: EPS JP¥696 (vs JP¥349 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥182.8b (up 43% from 1Q 2021). Net income: JP¥46.0b (up 98% from 1Q 2021). Profit margin: 25% (up from 18% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥1,832 (vs JP¥1,656 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥552.2b (up 5.0% from FY 2020). Net income: JP¥121.8b (up 10% from FY 2020). Profit margin: 22% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 11
New 90-day low: €452 The company is down 12% from its price of €515 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €262 per share. Annonce • Feb 13
SMC Corporation Announces Executives Changes SMC Corporation announced appointment of Yoshiki Takada as President in place of Katsunori Maruyama. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS JP¥469 (vs JP¥437 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥139.9b (up 6.4% from 3Q 2020). Net income: JP¥31.2b (up 7.4% from 3Q 2020). Profit margin: 22% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue beats expectations Revenue exceeded analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 9.3%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Annonce • Feb 13
SMC Corporation Announces Executive Changes SMC Corporation announced appointment of Yoshiki Takada as Representative Director in place of Katsunori Maruyama. The new positions of Katsunori Maruyama are Director and Senior Advisor. Is New 90 Day High Low • Jan 15
New 90-day high: €535 The company is up 15% from its price of €466 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €275 per share. Annonce • Dec 24
SBS Holdings, Inc. (TSE:2384) agreed to acquire Toyo Warehouse & Transportation Co., Ltd from SMC Corporation (TSE:6273) for ¥7.2 billion. SBS Holdings, Inc. (TSE:2384) entered into a share transfer agreement to acquire Toyo Warehouse & Transportation Co., Ltd from SMC Corporation (TSE:6273) for ¥7.2 billion on December 24, 2020. As per the transaction, SBS Holdings, Inc. will acquire 0.38 million shares of Toyo Warehouse & Transportation Co., Ltd. Upon completion, Toyo Warehouse & Transportation Co., Ltd will no longer be a consolidated subsidiary of SMC. Toyo Warehouse & Transportation Co., Ltd reported total assets of ¥7.6 billion, net assets of ¥5.9 billion, revenue of ¥2.4 billion, operating profit of ¥220 million and net income of ¥156 million. The transaction is expected to be completed by January 29, 2021. SMC Corporation expect to record gain on sales of shares of subsidiary in the 4th quarter of the fiscal year ending March 31, 2021. Annonce • Dec 19
SMC Corporation to Report Q3, 2021 Results on Feb 12, 2021 SMC Corporation announced that they will report Q3, 2021 results on Feb 12, 2021 Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations Revenue exceeded analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 5.8%, compared to a 2.5% growth forecast for the Machinery industry in Germany. Reported Earnings • Nov 14
Second quarter 2021 earnings released: EPS JP¥347 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥123.9b (down 4.1% from 2Q 2020). Net income: JP¥23.1b (down 13% from 2Q 2020). Profit margin: 19% (down from 21% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 12
New 90-day high: €505 The company is up 10.0% from its price of €460 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €252 per share. Annonce • Sep 13
SMC Corporation to Report Q2, 2021 Results on Nov 13, 2020 SMC Corporation announced that they will report Q2, 2021 results on Nov 13, 2020 Annonce • Jun 21
SMC Corporation to Report Q1, 2021 Results on Aug 07, 2020 SMC Corporation announced that they will report Q1, 2021 results on Aug 07, 2020